Total Asset Turnover
since 2005
Calculation
Best Buy Co. Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 2.96 | = | 51,761) | ÷ | 17,504) |
| Jan 30, 2021 | 2.48 | = | 47,262) | ÷ | 19,067) |
| Feb 1, 2020 | 2.80 | = | 43,638) | ÷ | 15,591) |
| Feb 2, 2019 | 3.32 | = | 42,879) | ÷ | 12,901) |
| Feb 3, 2018 | 3.23 | = | 42,151) | ÷ | 13,049) |
| Jan 28, 2017 | 2.84 | = | 39,403) | ÷ | 13,856) |
| Jan 30, 2016 | 2.92 | = | 39,528) | ÷ | 13,519) |
| Jan 31, 2015 | 2.64 | = | 40,339) | ÷ | 15,256) |
| Feb 1, 2014 | 3.03 | = | 42,410) | ÷ | 14,013) |
| Feb 2, 2013 | 2.69 | = | 45,085) | ÷ | 16,787) |
| Mar 3, 2012 | 3.17 | = | 50,705) | ÷ | 16,005) |
| Feb 26, 2011 | 2.82 | = | 50,272) | ÷ | 17,849) |
| Feb 27, 2010 | 2.72 | = | 49,694) | ÷ | 18,302) |
| Feb 28, 2009 | 2.84 | = | 45,015) | ÷ | 15,826) |
| Mar 1, 2008 | 3.14 | = | 40,023) | ÷ | 12,758) |
| Mar 3, 2007 | 2.65 | = | 35,934) | ÷ | 13,570) |
| Feb 25, 2006 | 2.60 | = | 30,848) | ÷ | 11,864) |
| Feb 26, 2005 | 2.66 | = | 27,433) | ÷ | 10,294) |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
1 US$ in millions
The total asset turnover ratio exhibits a pattern of cyclical volatility between 2005 and 2022, reflecting shifts in the efficiency with which the company utilizes its asset base to generate sales. The ratio fluctuated between a minimum of 2.48 and a maximum of 3.32 over the seventeen-year period.
- Initial Growth and Stability Phase (2005–2010)
- A period of rapid revenue expansion is observed, with sales increasing from 27.4 billion US dollars in 2005 to 49.7 billion US dollars in 2010. While total assets grew from 10.3 billion to 18.3 billion US dollars during this window, the asset turnover ratio remained relatively stable, hovering between 2.60 and 3.14. A notable peak in efficiency occurred in 2008, where the ratio reached 3.14.
- Revenue Compression and Asset Optimization (2011–2017)
- Following the 2010 peak, revenue experienced a downward trend, bottoming at approximately 39.4 billion US dollars in 2016 and 2017. To counter this decline, a reduction in total assets was observed, falling from 18.3 billion US dollars in 2010 to 13.8 billion US dollars by 2016. This contraction of the asset base allowed the turnover ratio to remain competitive, fluctuating between 2.64 and 3.03, thereby preventing a collapse in operational efficiency despite lower sales volumes.
- Peak Efficiency and Recent Volatility (2018–2022)
- The highest level of asset productivity was achieved in 2019, with the turnover ratio peaking at 3.32. This coincided with a streamlined asset base of 12.9 billion US dollars and revenue of 42.9 billion US dollars. However, a subsequent decline in efficiency occurred, reaching a period low of 2.48 in 2021. This decline was driven by a significant increase in total assets, which climbed to 19.1 billion US dollars in 2020. A recovery is evident by 2022, as the ratio rose to 2.96, supported by record revenue of 51.8 billion US dollars.
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Comparison to Competitors
Best Buy Co. Inc., total asset turnover, long-term trends, comparison to competitors
| Best Buy Co. Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 29, 2022 | 2.96 | 1.11 | 2.10 | 2.16 | 1.71 |
| Jan 30, 2021 | 2.48 | 1.12 | 1.87 | 1.92 | 1.04 |
| Feb 1, 2020 | 2.80 | 1.20 | 2.15 | 1.83 | 1.73 |
| Feb 2, 2019 | 3.32 | 1.25 | 2.46 | 2.07 | 2.72 |
| Feb 3, 2018 | 3.23 | 1.43 | 2.27 | 1.94 | 2.55 |
| Jan 28, 2017 | 2.84 | 1.35 | 2.20 | 1.89 | 2.58 |
| Jan 30, 2016 | 2.92 | 1.63 | 2.08 | 1.89 | 2.69 |
| Jan 31, 2015 | 2.64 | 1.64 | 2.08 | 1.77 | 2.61 |
| Feb 1, 2014 | 3.03 | 1.63 | 1.95 | 1.63 | 2.69 |
| Feb 2, 2013 | 2.69 | 1.85 | 1.82 | 1.55 | 2.72 |
| Mar 3, 2012 | 3.17 | 1.88 | 1.74 | 1.50 | 2.80 |
| Feb 26, 2011 | 2.82 | 1.90 | 1.69 | 1.45 | 2.75 |
| Feb 27, 2010 | 2.72 | 1.82 | 1.62 | 1.43 | 2.72 |
| Feb 28, 2009 | 2.84 | 1.77 | 1.73 | 1.48 | 3.08 |
| Mar 1, 2008 | 3.14 | 2.31 | 1.75 | 1.56 | 2.83 |
| Mar 3, 2007 | 2.65 | 2.29 | 1.74 | 1.69 | 2.86 |
| Feb 25, 2006 | 2.60 | 2.45 | 1.83 | 1.75 | 2.92 |
| Feb 26, 2005 | 2.66 | 2.30 | 1.88 | 1.72 | 2.94 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Best Buy Co. Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Best Buy Co. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 29, 2022 | 2.96 | 1.33 |
| Jan 30, 2021 | 2.48 | 1.27 |
| Feb 1, 2020 | 2.80 | 1.40 |
| Feb 2, 2019 | 3.32 | 1.57 |
| Feb 3, 2018 | 3.23 | 1.71 |
| Jan 28, 2017 | 2.84 | 1.67 |
| Jan 30, 2016 | 2.92 | 1.86 |
| Jan 31, 2015 | 2.64 | 1.86 |
| Feb 1, 2014 | 3.03 | 1.80 |
| Feb 2, 2013 | 2.69 | 1.83 |
| Mar 3, 2012 | 3.17 | 1.78 |
| Feb 26, 2011 | 2.82 | 1.74 |
| Feb 27, 2010 | 2.72 | 1.68 |
| Feb 28, 2009 | 2.84 | 1.74 |
| Mar 1, 2008 | 3.14 | 1.81 |
| Mar 3, 2007 | 2.65 | 1.84 |
| Feb 25, 2006 | 2.60 | 1.92 |
| Feb 26, 2005 | 2.66 | 1.93 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Industry (Consumer Discretionary)
Best Buy Co. Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| Best Buy Co. Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 29, 2022 | 2.96 | 0.96 |
| Jan 30, 2021 | 2.48 | 0.88 |
| Feb 1, 2020 | 2.80 | 0.84 |
| Feb 2, 2019 | 3.32 | 0.94 |
| Feb 3, 2018 | 3.23 | 0.96 |
| Jan 28, 2017 | 2.84 | 0.93 |
| Jan 30, 2016 | 2.92 | 0.96 |
| Jan 31, 2015 | 2.64 | 0.98 |
| Feb 1, 2014 | 3.03 | 1.02 |
| Feb 2, 2013 | 2.69 | 1.04 |
| Mar 3, 2012 | 3.17 | 1.06 |
| Feb 26, 2011 | 2.82 | 1.08 |
| Feb 27, 2010 | 2.72 | 1.04 |
| Feb 28, 2009 | 2.84 | 0.94 |
| Mar 1, 2008 | 3.14 | 0.96 |
| Mar 3, 2007 | 2.65 | 0.88 |
| Feb 25, 2006 | 2.60 | 0.82 |
| Feb 26, 2005 | 2.66 | 0.85 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).